I think I can safely say that most here would have been pleased to see the banks be allowed to fold as they should have. Same with any other BK company.
Govt/taxpayer intervening in the market and disturbing natural forces is wrong. It's doing nothing but making the problem that much bigger when it eventually has to be dealt with.
If you were personally bankrupt 10 times over due to poor decisions and wasteful spending, left habits unchanged, and borrowed more money that you will never be able to repay, who does that help? Who would lend you this money?
In the govt's case, the taxpayers are being forced to lend the money, and they're not being told. All they're being told is to go to the frikken mall.
The problems are systemic and lethal and demand nothing but drastic revamping rather than infinite bailing. As things are, it's nothing but a highway for exploitation at the expense of the populace
Look! A four day run is in "jeopardy." That is unacceptable
Wall St. Slips Early, Jeopardizing 4-Day RunReutersU.S. stocks slipped on Monday, jeopardizing the S&P 500's 4-day winning streak after data showed Americans only modestly increased spending and Spain slipped into recession. More »Wall St. Slips Early, Jeopardizing 4-Day Run
Market Still Set to Fall 35% in 2012: Schoenberger |
